How to Find Great Tenants Quickly

Jun 16, 2020

As a landlord, one of the most important tasks you have is finding the right tenants to rent your property. Quality tenants that pay their rent on time and look after your property are essential to having a successful and profitable rental business.

However, finding the right tenants can be a time-consuming and difficult process. This article will provide some tips to help you find great tenants quickly, as well as some common mistakes to avoid.

Write a Clear and Detailed Rental Ad

When you’re looking for tenants, it pays to be prepared. Writing a clear and detailed rental ad and supplying professional photos is a great way to attract the right tenants and weed out the wrong ones.

You should include information such as the type of property, size, features, location, rental amount, lease length, and if the property is furnished or unfurnished. This will help you attract the right tenants and make sure they have all the information they need before they contact you.

You should also include any rules or regulations that tenants will need to follow, such as no smoking or no pets. This will help ensure that you’re only attracting tenants who are willing to abide by your rules.

When offering a home to rent, it’s also helpful to include a floor plan or in the absence a quick walk-through video to show the features of the home.

Screen Potential Tenants

Once you’ve written your rental ad, it’s important to screen potential tenants. This is a necessary step to ensure you’re only renting to quality tenants who you can trust.

The best way to screen tenants is to conduct a background check. This will tell you if the tenant has a criminal record, has been evicted from a previous rental property, or has a history of not paying rent on time.

You should also ask the tenant to provide references from previous landlords. This will give you an idea of how the tenant has behaved in other rental properties.

This can all be done on an electronic application where the Tenant applies to be prequalified. This way you can shortlist the tenants, then take them through one at a time to then be abel to interview them and cross reference the details supplied in the application.

Be Flexible and Open Minded

Many potential tenants will be looking for something specific, such as a certain type of property, location, or price. By being open to different types of tenants, you’ll be able to find the right tenant for your property more quickly. For example, you may be open to renting to a single parent or a student who is looking for a short-term lease.

Avoid Common Mistakes

One of the most common mistakes property owners make is to rush the process. Don’t be tempted to rush into a rental agreement without conducting a thorough background check and asking for references.

Another common mistake is to skip the rental application process. A rental application is a great way to ensure that you’re only renting to quality tenants who you can trust.

Make Use of Digital Marketing

Don’t forget to make use of digital marketing to attract tenants. There are many online platforms, such as Facebook Marketplace, where you can advertise your rental property.

These platforms allow you to reach a wide audience of potential tenants quickly and easily.

Use a Property Management Company

If you’re struggling to find the right tenants for your property, you may want to consider using a property management company. A property management company can handle the entire rental process for you, from finding tenants to collecting rent.

This can be a great way to save time and effort, as well as ensure that you’re only renting to quality tenants.

Home 2 Home offers a wide range of property management services, including tenant screening and sourcing. Contact us today to find out how we can help you find great tenants quickly.

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